- The average rate on the popular U.S. 30-year mortgage rate increased to 6.32% this week, its largest one week increase since April, as a string of stronger-than-expected economic data caused investors to scale back bets on further Federal Reserve interest-rate cuts.
The average rate on the popular U.S. 30-year mortgage rate increased to 6.32% this week, its largest one week increase since April, as a string of stronger-than-expected economic data caused investors to scale back bets on further Federal Reserve interest-rate cuts.
Federal National Mortgage Association (FNMA) : * FANNIE MAE ANNOUNCES SALE OF REPERFORMING LOANS. * SALE INCLUDES 8,721 LOANS WITH $1.429 BILLION UNPAID PRINCIPAL BALANCE. * BIDS FOR REPERFORMING LOANS SALE DUE OCTOBER 29, 2024. * BUYER MUST OFFER LOSS MITIGATION OPTIONS FOR FIVE YEARS.
U.S. mortgage rates edged down to a two-year low this week, which could provide a further boost to refinancing activity, though many potential home buyers remain on the sidelines. The average rate on the popular 30-year fixed-rate mortgage dipped to 6.08% from 6.09% last week, the lowest level since September 2022, mortgage finance agency Freddie Mac said on Thursday.
U.S. mortgage rates edged down to a two-year low this week, which could provide a further boost to refinancing activity, though many potential home buyers remain on the sidelines. The average rate on the popular 30-year fixed-rate mortgage dipped to 6.08% from 6.09% last week, the lowest level since September 2022, mortgage finance agency Freddie Mac said on Thursday.
U.S. single-family home prices edged up in July, but the overall trend is slowing amid improving supply, which together with easing mortgage rates could make buying a house more affordable. House prices gained 0.1% on a month-on-month basis after being unchanged in June, the Federal Housing Finance Agency said on Tuesday.
U.S. mortgage rates dropped to the lowest level in more than 1-1/2 years this week and could fall further after the Federal Reserve cut interest rates for the first time since 2020. The average rate on the popular 30-year fixed-rate mortgage fell to 6.09%, the lowest since February 2023, from 6.20% last week, mortgage finance agency Freddie Mac said on Thursday.
U.S. mortgage rates dropped to the lowest level in more than 1-1/2 years this week and could fall further after the Federal Reserve cut interest rates for the first time since 2020. The average rate on the popular 30-year fixed-rate mortgage fell to 6.09%, the lowest since February 2023, from 6.20% last week, mortgage finance agency Freddie Mac said in a statement on Thursday.
Federal National Mortgage
Association (FNMA): * FANNIE MAE PRICES $708 MILLION CONNECTICUT AVENUE SECURITIES REMIC DEAL Source text for Eikon: Further company coverage:
- Allies of Republican U.S. presidential candidate Donald Trumps and bankers have been discussing plans on ending U.S. government control of the mortgage-finance firms Fannie Mae and Freddie Mac if he wins the election, the Wall Street Journal reported on Thursday.
Allies of Republican U.S. presidential candidate Donald Trumps and bankers have been discussing plans on ending U.S. government control of the mortgage-finance firms Fannie Mae and Freddie Mac if he wins the election, the Wall Street Journal reported on Thursday.
A U.S. regulator on Thursday banned Navient (NAVI) from servicing federal student loans, excluding the company once known as Sallie Mae from a market it once led, and ordered it to pay $120 million for years of student lending failures.
-A U.S. regulator on Thursday banned Navient (NAVI) from servicing federal student loans, excluding the company once known as Sallie Mae from a market it once led, and ordered it to pay $120 million for years of student lending failures.
Federal Home Loan Mortgage Corp (FMCC): * FREDDIE MAC ANNOUNCES RESULTS OF TENDER OFFER FOR CERTAIN STACR NOTES. * Federal Home Loan Mortgage Corp (FMCC) - APPROXIMATELY $1.3 BILLION IN NOTES VALIDLY TENDERED Source text for Eikon: Further company coverage:
The average rate on the popular U.S. 30-year mortgage rate fell to 6.35% for the week ending Aug. 29, the lowest since May 2023, due to expectations of a Federal Reserve interest rate cut next month. That was down from 6.46% in the prior week, mortgage finance agency Freddie Mac said on Thursday in its weekly update of home loan rates.
U.S. single-family home prices fell in June, leading to the smallest annual increase in nearly a year, as higher mortgage rates pushed buyers to the sidelines and boosted housing supply. House prices dipped 0.1% on a month-on-month basis after being unchanged in May, the Federal Housing Finance Agency said on Tuesday. Prices were up 0.9% in the second quarter compared to the January-March quarter.
U.S. single-family home prices fell in June, leading to the smallest annual increase in nearly a year, as higher mortgage rates pushed buyers to the sidelines and boosted housing supply. House prices dipped 0.1% on a month-on-month basis after being unchanged in May, the Federal Housing Finance Agency said on Tuesday. Prices were up 0.9% in the second quarter compared to the January-March quarter.
The average rate on the popular U.S. 30-year fixed-rate mortgage ticked down this week to the lowest level since May 2023, but may need to fall further for the housing market to see significant improvement in demand. The 30-year fixed-rate mortgage averaged 6.46% during the week ending Aug. 22, down from 6.49% in the prior week, mortgage finance agency Freddie Mac said on Thursday.
The average rate on the popular U.S. 30-year fixed-rate mortgage ticked down this week to the lowest level since May 2023, but may need to fall further for the housing market to see significant improvement in demand. The 30-year fixed-rate mortgage averaged 6.46% during the week ending Aug. 22, down from 6.49% in the prior week, mortgage finance agency Freddie Mac said on Thursday.
The average rate on the popular U.S. 30-year mortgage plunged to its lowest level since May 2023 this week, following days of market turbulence resulting from last week's softer-than-expected employment report. The 30-year fixed-rate mortgage averaged 6.47% during the week ending Aug. 8, down from 6.73% in the prior week, mortgage finance agency Freddie Mac said on Thursday.
- Mortgage financing firms Fannie Mae and Freddie Mac are set to impose stricter rules for commercial property lenders and brokers, following a budding regulatory crackdown on fraud in the multi-trillion dollar market, the Wall Street Journal reported on Monday.
Mortgage financing firms Fannie Mae and Freddie Mac are set to impose stricter rules for commercial property lenders and brokers, following a budding regulatory crackdown on fraud in the multi-trillion dollar market, the Wall Street Journal reported on Monday.
The average rate on the popular U.S. 30-year mortgage rate fell to 6.73% this week, its lowest level since February as the bond market reacted to signs of cooling inflation. The 30-year fixed-rate mortgage was 5 basis points lower than a week earlier when it averaged 6.78%, mortgage finance giant Freddie Mac said on Thursday.
U.S. single-family home prices were unchanged in May and the annual increase was the smallest in 10 months as higher mortgage rates stifled demand, boosting housing supply. The unchanged reading in house prices followed a 0.3% month-on-month rise in April, the Federal Housing Finance Agency said on Tuesday.
Federal Home Loan Mortgage Corp (FMCC) : * FREDDIE MAC - TOTAL MORTGAGE PORTFOLIO INCREASED AT AN ANNUALIZED RATE OF 1.5% IN JUNE. * FREDDIE MAC - SINGLE-FAMILY DELINQUENCY RATE INCREASED FROM 0.49% IN MAY TO 0.50% IN JUNE. * FREDDIE MAC - MULTIFAMILY DELINQUENCY RATE INCREASED FROM 0.36% IN MAY TO 0.38% IN JUNE Source text for Eikon: Further company coverage:
The average rate on the popular U.S. 30-year fixed-rate mortgage edged up to 6.78% for the week ending July 25, leaving it about half a percentage point below its peak earlier this year, as buyers still show signs of hesitancy to enter the market. That was up slightly from 6.77% in the prior week, mortgage finance agency Freddie Mac said on Thursday.
The average rate on the popular U.S. 30-year fixed-rate mortgage edged up to 6.78% for the week ending July 25, leaving it about half a percentage point below its peak earlier this year, as buyers still show signs of hesitancy to enter the market. That was up slightly from 6.77% in the prior week, mortgage finance agency Freddie Mac said on Thursday.
The average interest rate on the popular U.S. 30-year fixed-rate mortgage fell to its lowest level since mid-March this week, a welcome development for a housing market struggling to find its footing and one that may continue if the Federal Reserve cuts rates as expected in the months ahead.
The average interest rate on the popular U.S. 30-year fixed-rate mortgage fell to its lowest level since mid-March this week, a welcome development for a housing market struggling to find its footing and one that may continue if the Federal Reserve cuts rates as expected in the months ahead.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
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